LMR Partners LLP increased its stake in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 2,338.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,396 shares of the casino operator’s stock after acquiring an additional 45,452 shares during the quarter. Wynn Resorts, Limited comprises about 0.8% of LMR Partners LLP’s portfolio, making the stock its 27th largest holding. LMR Partners LLP’s holdings in Wynn Resorts, Limited were worth $7,058,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of WYNN. First Personal Financial Services lifted its position in Wynn Resorts, Limited by 102.9% during the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 360 shares during the last quarter. IFP Advisors Inc lifted its position in Wynn Resorts, Limited by 40.8% during the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock valued at $169,000 after purchasing an additional 365 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in Wynn Resorts, Limited by 808.1% during the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock valued at $196,000 after purchasing an additional 1,301 shares during the last quarter. Northside Capital Management LLC bought a new position in Wynn Resorts, Limited during the second quarter valued at $201,000. Finally, Meridian Investment Counsel Inc. bought a new position in Wynn Resorts, Limited during the second quarter valued at $201,000. Hedge funds and other institutional investors own 71.45% of the company’s stock.

Wynn Resorts, Limited (NASDAQ:WYNN) opened at $158.69 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. The company has a market cap of $16,310.55, a PE ratio of 35.74 and a beta of 1.72. Wynn Resorts, Limited has a 12-month low of $85.57 and a 12-month high of $159.55.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. equities research analysts expect that Wynn Resorts, Limited will post 5.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, November 15th. Wynn Resorts, Limited’s dividend payout ratio (DPR) is 55.25%.

In other news, President Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the transaction, the president now owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alvin V. Shoemaker sold 15,000 shares of Wynn Resorts, Limited stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the completion of the transaction, the director now directly owns 19,162 shares in the company, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,406 shares of company stock worth $23,864,344. Insiders own 13.20% of the company’s stock.

Several equities research analysts have recently issued reports on WYNN shares. Deutsche Bank AG restated a “buy” rating and issued a $167.00 target price on shares of Wynn Resorts, Limited in a report on Tuesday. Morgan Stanley raised their target price on shares of Wynn Resorts, Limited from $151.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. UBS AG restated a “buy” rating and issued a $174.00 target price (up previously from $149.00) on shares of Wynn Resorts, Limited in a report on Friday, September 29th. Vetr upgraded shares of Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $146.26 target price for the company in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $148.49.

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About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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